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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: milesofstyles who wrote (21997)10/11/1998 10:33:00 PM
From: Magnatizer  Read Replies (1) of 79273
 
Before I get any farther, football fans make sure to watch Tim Dwight
a kick off and punt returner for Atlanta, also gets in on some
offensive sets. As some of you know I am an Iowan originally and
have had the pleasure of watching Tim put on miles of highlight reels.
Fun to watch

Dow 30

7192 -707.5
7340 -559.5
7425 -474.5
7458 -441.5
7591 -308.5
7597.5 7607.5 -302
7678 7602.7 -221.5
7724 -175.5
7894 7793 -5.5
7933 33.5
8017 8035 117.5
8142.5 243
8352 452.5

Dow 30 has a trendline crossover on the 16th of this month (Friday
the 16th). I would like to see it above 7724 going into the middle
of the week. Will be tough to do however as it is hitting the top of
is current downtrend channel (7894 downtrend). Another one with
mixed signals. One of which is the StochRSI which is in Jailbreak
mode and is near overbought. Imagine, overbought in this market.
Could be lots of golf in my immediate future. Not ready to throw
in the towel, but I do have it in hand just in case.

ht
david
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